BTCUSD STRUGGLING WITH RECORD LOW VOLATILITY
Bitcoin has once again moved into consolidation mode, as the world’s number one cryptocurrency experiences record low volatility. The BTCUSD pair is trapped between the $6,450 and $6,330 levels, with the MACD indicator currently flat across the lower time frames. Intraday buyers and sellers will likely attempt to trade within the current narrow trading band until a breakout emerges.
The BTCUSD pair is bullish while trading above the $6,450 level, key resistance is found at the $6,560 and $6,700 levels.
If the BTCUSD pair trades below the $6,330 level, sellers may test towards the $6,220 and $6,050 support levels.
The BTCUSD pair is bullish while trading above the $6,450 level, key resistance is found at the $6,560 and $6,700 levels.
If the BTCUSD pair trades below the $6,330 level, sellers may test towards the $6,220 and $6,050 support levels.
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